The Euroclear group of national and international central securities depositories (CSDs) achieved gains across all main service areas in 2005, with securities transactions rising 17% for the year to EUR 358.1 trillion and securities held in custody posting at 7.1 trillion, a gain of 20%.
“At the same time that we have launched a number of service enhancements, we have progressed according to plan with our platform consolidation and market-practice harmonisation program,” said Pierre Francotte, CEO of Euroclear. “This success will allow us to continue reducing tariffs and work on further service enhancements over the coming months for the benefit of our clients.”
The value of settled securities transactions totaled EUR 358.1 trillion, an increase of 17% from EUR 307.2 trillion in 2004. The value of securities held for Euroclear clients at the end of 2005 was EUR 15.7 trillion, a 20% increase from the EUR 13.1 trillion recorded at year-end 2004.
The number of netted transactions settled in the Euroclear group increased by 10% to 127 million in 2005 compared with 115 million in 2004, reflecting an overall increase in trading activity settling in the group’s CSDs.
Euroclear Bank’s 2005 turnover rose 17% to EUR 154.8 trillion from EUR 132.6 trillion in 2004. CRESTCo experienced a 14% growth rate in 2005, with turnover expanding to EUR 130.6 trillion from EUR 114.4 trillion in 2004.
Turnover grew 21% at Euroclear France in 2005, surging to EUR 72.7 trillion in 2005 from EUR 60.2 trillion in 2004. Turnover figures for Euroclear Nederland are not available.
The value of securities held in custody by Euroclear Bank totalled EUR 7.1 trillion in 2005, a gain of 20% from the EUR 5.9 trillion recorded in 2004. More than EUR 30 billion represented net new business won from the other ICSD. Securities held for clients through CREST climbed 22% in 2005 to EUR 3.3 trillion from EUR 2.7 trillion in 2004.
At Euroclear France, the 2005 total value of securities held was EUR 4.4 trillion, a 16% rise from last year’s EUR 3.8 trillion. Securities held in Euroclear Nederland increased 16% to EUR 881 billion in 2005 from EUR 757 billion in 2004.